SALES (Tables)

3 Months Ended

Mar. 29, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Contract Liabilities

Our contract liabilities consisted of the following ($ in millions):

	March 29, 2024		December 31, 2023
Deferred revenue - current	$	540.1	$	544.6
Deferred revenue - noncurrent	45.4		45.8
Total contract liabilities	$	585.5	$	590.4

Schedule of Remaining Performance Obligations

The aggregate remaining performance obligations attributable to each of our segments is as follows ($ in millions):

	March 29, 2024
Intelligent Operating Solutions	$	565.9
Precision Technologies	75.7
Advanced Healthcare Solutions	70.9
Total remaining performance obligations	$	712.5

Schedule of Disaggregation of Revenue

Disaggregation of revenue for the three-month period ended March 29, 2024 is presented as follows ($ in millions):

	Total		Intelligent Operating Solutions		Precision Technologies		Advanced Healthcare Solutions
Sales:
Sales of products and software	$	1,299.9	$	566.9	$	500.6	$	232.4
Sales of services	224.6		98.8		58.4		67.4
Total	$	1,524.5	$	665.7	$	559.0	$	299.8
Geographic:
United States	$	789.9	$	349.5	$	274.1	$	166.3
China	176.3		67.1		82.9		26.3
All other (each country individually less than 5% of total sales)	558.3		249.1		202.0		107.2
Total	$	1,524.5	$	665.7	$	559.0	$	299.8
End markets:(a)
Direct sales:
Healthcare	$	337.2	$	11.3	$	43.2	$	282.7
Industrial & Manufacturing	350.3		242.2		103.5		4.6
Government	126.2		69.5		47.6		9.1
Utilities & Power	101.9		49.2		52.7		—
Communications, Electronics & Semiconductor	90.4		27.9		62.5		—
Aerospace & Defense	83.4		0.1		83.3		—
Retail & Consumer	76.8		61.7		15.1		—
Oil & Gas	72.7		69.5		3.2		—
Other	188.2		95.9		92.3		—
Total direct sales	1,427.1		627.3		503.4		296.4
Distributors	97.4		38.4		55.6		3.4
Total	$	1,524.5	$	665.7	$	559.0	$	299.8
(a) Direct sales by end market include sales made through third-party distributors where we have visibility to the end customer.

Disaggregation of revenue for the three-month period ended March 31, 2023 is presented as follows ($ in millions):

	Total		Intelligent Operating Solutions		Precision Technologies		Advanced Healthcare Solutions
Sales:
Sales of products and software	$	1,236.6	$	537.4	$	478.3	$	220.9
Sales of services	224.1		94.7		62.8		66.6
Total	$	1,460.7	$	632.1	$	541.1	$	287.5
Geographic:
United States	$	771.5	$	340.1	$	270.6	$	160.8
China	181.4		64.9		92.2		24.3
All other (each country individually less than 5% of total sales)	507.8		227.1		178.3		102.4
Total	$	1,460.7	$	632.1	$	541.1	$	287.5
End markets:(a)
Direct sales:
Healthcare	$	339.4	$	10.9	$	57.0	$	271.5
Industrial & Manufacturing	353.2		228.3		120.6		4.3
Government	111.1		61.8		40.9		8.4
Utilities & Power	98.9		47.3		51.6		—
Communications, Electronics & Semiconductor	105.9		25.6		80.3		—
Aerospace & Defense	67.6		0.1		67.5		—
Retail & Consumer	82.9		62.3		20.6		—
Oil & Gas	70.3		65.9		4.4		—
Other	170.1		95.0		75.1		—
Total direct sales	1,399.4		597.2		518.0		284.2
Distributors	61.3		34.9		23.1		3.3
Total	$	1,460.7	$	632.1	$	541.1	$	287.5
(a) Direct sales by end market include sales made through third-party distributors where we have visibility to the end customer.